Magnolia Healthcare Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721304946 ✦ Baton rouge, LA ✦ Designated as a 501(c)(3)

Overview

What is Magnolia Healthcare Inc?

Magnolia Healthcare Inc is a nonprofit organization based in Baton Rouge, Louisiana. They own and operate four nursing homes, providing comprehensive nursing care services to a total of 292 residents. Their facilities offer a homelike environment, combining skilled nursing care with the expertise of rehabilitation therapies. In 2022, Magnolia Healthcare reported approximately 73,200 residence days. Their mission is to serve the health and rehabilitation needs of the community and enhance the quality of life for patients, residents, family members, visitors, and coworkers. With a workforce of 598 dedicated individuals, they strive to improve the wellbeing of those in their care.


Official website here: www.mhihealth.org

Is Magnolia Healthcare Inc legitimate?

Magnolia Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Healthcare Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,677,753

For more financial information, click here


Official website here: www.mhihealth.org

What is the mission statement of Magnolia Healthcare Inc?

Magnolia Healthcare Inc is dedicated to delivering comprehensive nursing care services to cater to the health and rehabilitation needs of the community. Their mission is to enhance the quality of life for each patient, resident, family member, visitor, and coworker. By offering a homelike environment and skilled nursing care, along with specialists in rehabilitation therapies, they help older adults maintain or regain function. Approximately 73,200 residence days were served in 2022. Magnolia Healthcare Inc strives to create a nurturing atmosphere where individuals receive attentive care and support, allowing them to live their best possible lives.


Official website here: www.mhihealth.org

Who is the CEO of Magnolia Healthcare Inc?

Richard T Daspit Sr is the President of Magnolia Healthcare Inc.


Official website here: www.mhihealth.org

What is the revenue of Magnolia Healthcare Inc?

Magnolia Healthcare Inc's revenue in 2022 was $27,584,269.


Official website here: www.mhihealth.org

Who are the executives of Magnolia Healthcare Inc and what are their salaries?

The average compensation at Magnolia Healthcare Inc during 2022 was $17,856. There are 598 employees at Magnolia Healthcare Inc.

Here are 8 key members and their salaries:

    Richard T Daspit Sr (President) [Trustee/Director]
  • Compensation: $0
  • Related: $222,870
  • Other: $5,835

    • Lonnie Peeler (Chief Operating Officer)
  • Compensation: $0
  • Related: $190,310
  • Other: $5,878

    • Tasha Mosley (Administrator)
  • Compensation: $124,907
  • Related: $0
  • Other: $99

    • Kimberly L Joyce (Chief Financial Officer)
  • Compensation: $0
  • Related: $118,207
  • Other: $5,908

    • Scott Matthews (Administrator)
  • Compensation: $115,900
  • Related: $0
  • Other: $5,602

    • Richard Daspit Jr (Cio)
  • Compensation: $0
  • Related: $109,187
  • Other: $6,082

    • Louis Herrero (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $12,000
  • Other: $0

    • G Stuart Murphy Iii (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $12,000
  • Other: $0


  • Official website here: www.mhihealth.org

    Where can I find the form 990 for Magnolia Healthcare Inc?

    The Magnolia Healthcare Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mhihealth.org

    Learn more at the official website: www.mhihealth.org

    Mission Statement of Magnolia Healthcare Inc

    Magnolia Healthcare Inc, a leading healthcare provider, is dedicated to serving the health and rehabilitation needs of the community. With a mission to improve the quality of life for each patient, resident, family member, visitor, and coworker, Magnolia Healthcare goes beyond providing comprehensive nursing care services.

    The organization's commitment extends to creating a homelike environment for its residents, combining spacious surroundings with skilled nursing care and rehabilitation therapies. By specializing in the rehabilitation therapies that help older adults maintain or regain function, Magnolia Healthcare aims to ensure that its patients receive the best possible care. In 2022, the organization provided approximately 73,200 residence days, demonstrating its unwavering dedication to serving its community.

    Magnolia Healthcare's team of healthcare professionals works tirelessly to provide personalized care, addressing the unique needs of each individual. They are not just focused on treating medical conditions but also on enhancing the overall well-being and dignity of their patients. By fostering a supportive and compassionate atmosphere, Magnolia Healthcare creates an environment where patients feel at ease and are encouraged to reach their full potential.

    In summary, Magnolia Healthcare Inc is a compassionate and dedicated healthcare provider, committed to enhancing the lives of its patients and the community. Through its homelike facilities, skilled nursing care, and rehabilitation therapies, Magnolia Healthcare strives to improve the quality of life for every patient and resident it serves.

    Impact

    This information is meant to be a general summary of Magnolia Healthcare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Magnolia Healthcare Inc, through its ownership and operation of four nursing homes totaling 292 beds in various locations, has a significant impact on the health and well-being of older adults in the community. By providing comprehensive nursing care services in a spacious and homelike environment, Magnolia Healthcare Inc helps residents maintain or regain function with the help of skilled nursing care and specialized rehabilitation therapies. In 2022, there were approximately 73,200 residence days across the facilities, demonstrating the substantial reach and impact of their services. The organization's mission to serve the health and rehabilitation needs of the community and improve the quality of life for each patient, resident, family member, visitor, and co-worker underscores its dedication to making a positive difference in the lives of those it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $266,663
  • Program Service Revenue: $22,199,058
  • Gross Receipts: $27,584,269

    • Assets and Liabilities:
  • Total Assets: $15,447,465
  • Total Liabilities: $16,741,141
  • Net Assets: -$1,293,676
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RESIDENT SERVICES

    Revenue

    $22,199,058

    Organization Details

    Founding Year

    1995

    Principal Officer

    Richard T Daspit Sr

    Main Address

    PO BOX 40018, BATON ROUGE, LA, 70835

    NTEE Category

    Code: E21 - Health

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